BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 9.7% in January

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 99,600 shares, a drop of 9.7% from the January 15th total of 110,300 shares. Based on an average daily volume of 228,800 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHF. Pathstone Holdings LLC increased its stake in shares of BNY Mellon High Yield Strategies Fund by 1.9% during the 4th quarter. Pathstone Holdings LLC now owns 5,667,317 shares of the investment management company’s stock worth $14,457,000 after purchasing an additional 105,809 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BNY Mellon High Yield Strategies Fund by 47.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company’s stock worth $2,242,000 after purchasing an additional 284,913 shares in the last quarter. 1607 Capital Partners LLC increased its position in BNY Mellon High Yield Strategies Fund by 84.7% during the fourth quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock worth $1,820,000 after buying an additional 327,361 shares during the last quarter. Envestnet Asset Management Inc. increased its position in BNY Mellon High Yield Strategies Fund by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company’s stock worth $1,121,000 after buying an additional 6,210 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in BNY Mellon High Yield Strategies Fund by 4.7% during the fourth quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock valued at $1,064,000 after buying an additional 18,579 shares in the last quarter. Institutional investors own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Stock Performance

Shares of NYSE DHF opened at $2.61 on Wednesday. BNY Mellon High Yield Strategies Fund has a one year low of $2.27 and a one year high of $2.69. The business’s 50-day moving average price is $2.59 and its two-hundred day moving average price is $2.59.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be issued a $0.0175 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a yield of 8.05%.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.